Canadian Dollar And Business Outlook

By Commodity News Service Canada

Winnipeg, September 3 – The Canadian dollar opened stronger
against its US counterpart on Tuesday, underpinned by easing concerns
about a possible US military strike against Syria, industry watchers
said.
Gains seen in commodities, including gold and copper, added to the
loonie’s bullish tone.
Traders are also looking ahead to Wednesday’s Bank of Canada
policy rate decision. According to economists, the BOC is expected to
keep the overnight rate steady.
At 8:39 CDT Tuesday, the Canadian dollar was at US$0.9508 or
US$=C$1.0517 which compares with Friday’s North American close of
US$0.9497, or US$=C$1.0530.
No major Canadian economic data is scheduled to be released on
Tuesday.
The TSX was up 164.01 points Tuesday morning at 8:39 CDT, to sit
at 12,817.91.